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Monday, 05 August 13
INDO GOVERNMENT'S DECLARED HBA IN AUGUST '13 FALL TO LOWEST LEVEL SINCE JANUARY '10
 COALspot. com - HBA fell to US$ 76.70 this month, the lowest since January 2010. Indonesian Coal Price Reference fell 6.11% and hitting a 2013 low.
The Indonesian government has revised down its owned coal bench mark price by US$ 4.99/ MT to US$ 76.70 for August 2013 deliveries on 2nd August 2013. The government declared bench-mark price for coal in August 2013 was the lowest in 2013 as well as the lowest since January 2010 or the lowest since full implementation of HBA which commenced since September 2011.
The monthly coal price reference for coal sales in August 2013 lost 6.11 per cent compared to last month. The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for August 2013 at US$ 76.70 per ton, US$ 4.99 lower than July 2013 bench mark Price.
This coal benchmark price was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the July 2013 index average of ICI-1 (Indonesia Coal Index) 25%, Platts-5900 25%, NEX (Newcastle Export Index) 25%, and GC (globalCoal Index) 25%.
Coal price reference was calculated considering coal with GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur 0.8% (arb), Ash Content 15 % (arb) and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 – 31 August 2013.
The government of Indonesia has been publishing a monthly coal price reference (HBA & HPB) since January 2009 to be used by coal producers for all spot and term contracts. However, the full official implementation of HBA has commenced since September 2011.
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The August 2013 HBA is 9.39 per cent or $ 7.95 lower year on year.
February 2011 declared HBA was the highest since the launching of HBA by government of Indonesia (US$ 127.05 / MT) but lowest was declared in May 2009 (US$ 62.83/ MT).
The price was only valid for the spot price (loading on or before 31 August 2013), while as for term price (up to 12 months supplies), the average reference price (HPB) of the previous three months will be used to determine the selling price. (50% of the latest available month HPB,30% of one month prior HPB and 20% of two-month prior HPB).
Government also declared price marker for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are acted as the benchmark and used to calculate other 63 coal types with a quality similar to the coal price markers.
For sales in the barge, the reference price is reduced by barging and trans-shipment costs from barge to vessel. Government has recently issued a regulation (644.K/30/DJB/2013 dated 21 March 2013) to regulate or determine coal prices on FOB barge. Government also fixed the freight for barging, surveyor, insurance and etc.. to determine FOB barge price. Trans-shipment cost US$ 4.00/MT + Surveyor cost US$ 0.25/MT + Insurance 0.80% per shipment + Barging cost (for < 270 footer - (US$ 0.0221 X barging distance) + US$ 3.7406, for 270 - 330 footer - (US$ 0.0184 X barging distance) + US$ 3.1172 and > 330 footer - (US$ 0.0154 X barging distance) + US$ 2.6002.
The coal price reference is been established to fulfill the requirement of mining law 04/2009 and ministerial decree No.17/2010. In addition to that, it is aims to increase government revenue from royalties from coal producers.
Coal prices are still struggling to catch-up the right direction. Coal market was falling since mid of last year and not showing any immediate recovery. Excess coal supplies, instable coal demand, economy slowdowns are some of the reasons behind the pressure on coal prices.
Click here for complete Indonesian coal price reference since January 2009.(cs)
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Sunday, 18 August 13
SUB-BIT FOB INDONESIA COAL SWAP : ON POSITIVE DIRECTION ON DAY, WEEK AND MONTH
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average Q4 2013 delivery US$ 1.83 up month on month. The swap was moved positive ...
Sunday, 18 August 13
INDO - INDIA FREIGHT EXPECTED TO BE FIRM NEXT WEEK - VISTAAR
COALspot.com - The freight market was up this week with the BDI gaining more than 10 pct due to strong Cape Sector.
The BDI was closed at 1,102 p ...
Friday, 16 August 13
US COAL PRODUCTION SLIGHTLY UP ON WEEK
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 20.10 million short tons (mmst) of ...
Thursday, 15 August 13
CAPESIZE : TRENDS SOMETIMES SHIFT WITH NO PRIOR WARNING - FEARNRESEARCH
Handy
The influence of the summer holidays across Europe was felt in the Atlantic basin this week. Very little activity and a growing list of avail ...
Wednesday, 14 August 13
ANOTHER WEEK IN THE RED FOR DRY BULK CARRIERS - INTERMODAL
Chartering (Wet: Stable- / Dry: Stable- )
Another week in the red for Dry Bulk carriers with the market losing further steam as fewer an ...
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Showing 4161 to 4165 news of total 6871 |
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- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- White Energy Company Limited
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Aditya Birla Group - India
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Parliament of New Zealand
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- The Treasury - Australian Government
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
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